ACC 577 Week 6 Quiz( 100 % Correct Answers)
year-end balance sheet, what amount should Cable report as a deferred tax asset( liability)?
Question 20
Tack, Inc. reported retained earnings balance of $ 150,000 at December 31, 20x3. In June 20x4, Tack discovered that merchandise costing $ 40,000 had not been included in inventory in its 20x3 financial statements. Tack has a 30 % tax rate. What amount should Tack report as adjusted beginning retained earnings in its statement of retained earnings at December 31, 20x4?
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ACC 577 Week 6 Quiz( 100 % Correct Answers)
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All Questions Details given below( Please Check) Week 6 Quiz Review: ACC 577 Question 1
At the time Company P acquired controlling interest of Company S the following accounts and balances existed on the books of the two companies: Which one of the following amounts should be eliminated in preparing a consolidated balance sheet immediately following the business combination?
Question 2